CRN Security News

Legacy security giants Symantec and McAfee are undergoing drastic business changes to better compete in a complex security market littered with hot startups. And for solution providers with the chops to establish themselves as next-generation security providers, the crowded marketplace provides endless opportunities.

Netskope said the funding - which will go towards its product, expanding into web security, and the channel - also comes with a commitment to remaining a standalone CASB vendor, unlike much of its competition.

Just a week after the launch of its first EDR solution, Cylance has drawn fire from Carbon Black, which said in a blog post that the new competitor has a "lot of work ahead" if it wants to catch up to EDR leaders.

After a sales reorg last quarter, Palo Alto Networks CEO Mark McLaughlin said the company on track with the changes and starting to see the benefits in its third quarter earnings. The company posted narrower losses and a double-digit revenue increase.

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The security industry saw more threats and funding opportunities in 2017, with massive data breaches and ransomware attacks crippling major institutions, and vendors tapping into the deep pockets of private equity and IPOs.